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Search Results 0 to 11 of about 12 (some duplicates have been removed)
years answering the same question. but right after the election, we sent a plan to the president where we gave revenues but looking for spending cuts. and he took three weeks to come back to us. he has gone on still on the campaign trail, still working through. but you have to understand, republicans have not waited to solve this problem and sat back. in the summer, we passed a bill that froze the rates, and passed it. it sat in the senate. we believe we want to solve this problem. we think this is our moment. this is our time. >> is the moment -- does it come down to this, where you would say, look, we'll give you higher marginal tax rates if we get something significant on spending, medicare, in return? >> it doesn't solve the problem. if the president is asking for higher ratings, he is asking for more revenue. most economists agree the best way to get that is through closing special loopholes. and when you close those, it makes a fair tax process. so people invest on the return, not invest based upon what the irs says. >> senator durbin, the opening position, as i sort of gleaned i
the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything that the president wanted in his budget and beyond what he even campaigned for. as a result i think most republicans wonder how serious he is about doing this. they feel things are going backward. >> paul: yeah, that, that's the way it sounds to me, too, i talked to some senior republicans this week and they're increasingly of the belief that maybe the president wants to back them into a corner, that could push them over the cliff and then be able to blame them if you have a recession or for taxes going up on everybody. >> well, i don't doubt that's what he's trying to do. it's hard to see where the upside is for the president if the economy slips into recession, talking about 2013 having no gro
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campaigned for re-election on the idea of a, quote, balanced approach, end quote, to deficit reduction, a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them. >> i can tell you what i presented. it will be helpful. >> chris: let me -- >> it is our plan, let me do it. let me explain it. >> chris: i'd like to ask you about this part of it and you can tell me. >> okay. >> chris: $1.6 trillion in tax increases. more than $80 billion in new stimulus spending, next year, and, unspecified nonguaranteed spending cuts. question, is that your idea of balance. >> it is, let me explain what is in the explain they didn't report to you and explain, to people, which is, we propose alongside the trillion dollars in spending cuts we agreed with republicans, last year, on defense and a range of other government programs, proposed $600 billion of detailed reforms and savings, to our health care and other government programs, that is $600 billion. in fact, the health care savings in that plan, are larger than the plans we have seen republicans in the
working inside the elected -- the elected claim ber of the united states stat or better off resigning and becoming head of the -- head of heritage? it was a no-brainer. you know -- >> remarkable. >> financial incentiveta. but it's remarkable and shows you limits in which being a united states senator -- i've talked to other senators who made the decision to try to get into leadership track who said it's no fun trying to be party of one or gang of six or gang of eight. it stinks especially ex-governors can't stand it in there. it is sad that you don't feel as if you can make a -- as big of a difference inside the senate as you can at a special interest group. welcome to politics of the 21st century. >> i couldn't agree more, chuck. frankly i think jim demint couldn't agree more. he said, i'm leaving the senate now but i'm not leaving the fight. i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas. chuck, to your point. kelly, i want to go to you. in the midst, and we'll talk about the fiscal cliff in a minu
. susan rice's appalling words when she put election politics ahead of stopping the again side in rwanda. before that tweet was deleted. a 2002 article claims rice said this. if we use the word again side and are seen as doing nothing, what will be the effect on the november congressional election? our foreign affairs reporter is out front tonight. elise, does the criticism against rice add up, do you think? >> i don't think 100%, soledad. susan rice was director for u.n. affairs at the national security council at the time of the again side, the rwanda again side. that office dealt more with the united nations than with africa, even though the united nations was dealing with the issue. at the time it was a working level staff position. her first in government, ambassador rice could make announcements at that level, but wouldn't be involved making an important decision getting involved militarily in rwanda. president clinton said he made the decision, it was the greatest mistake of his presidency, and ambassador rice travelled to rwanda after the again side. she said seeing the ground li
. senator corker, given that president obama won the election, and seems to have most of the political leverage, what is the realistic deal to be made in the next 23 days? >> first of all, i think something will happen. i hope it is large enough for people like me that want to see entitlement reform to vote for. the president has leverage and the republicans have leverage with the debt ceiling and the c.r. which ends in march and hopefully cooler heads will prevail. there are different theories coming forth on how to deal with this and again, chris, it is a unique moment in history, where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solvency and we have a situation where the minority party is trying to leverage the president into doing something that is great for our nation and it is a very unique time and i hope the president soon will see the light. >> chris: senator schumer, three weeks left. what is the compromise and, this is the important part, that both sides can live with, on taxes, spending cuts,
politicians do. the republicans lost the election. they know they're going to have to raise revenues. but i think the over-hyping of deficits the deficit mania that seized this town, is kind of crazy. i mean, i love alan simpson and erskine bowles, but they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds. you know, the summer before last, when we had the debt ceiling negotiations, and everybody was saying oh, our credit is about to go down the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it especially, you know, the old age entitlementes, because sooner or later you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are
Search Results 0 to 11 of about 12 (some duplicates have been removed)